HORYONCrypto Market Intelligence
Variational has raised $50M led by Dragonfly to go all in on RWAs and bring TradFi liquidity on-chain, with plans to list 100+ TradFi markets on-chain this summer. The raise gives Variational the resources needed to land key institutional partnerships, expand its team, and stress-test its infrastructure
Catena Labs has raised $30M in a Series A round led by investors including a16z, Acrew Capital, General Catalyst, Breyer Capital, and QED Investors, to develop a financial infrastructure designed specifically for AI agents
Tether has acquired SoftBank's stake in Twenty One Capital, expanding its control over the public Bitcoin holder as it moves into lending, mining, and capital markets
Everclear is winding down despite $500M monthly volume, citing delayed partner launches and depleted runway.
Aave is now live on Arbitrum Earn, allowing users to supply assets and earn Aave-powered yield through the Arbitrum Portal.
Sentora’s PRIME Main Vault absolute cap on Morpho increased by 30M, adding more PYUSD capacity for HELOC-backed yield.
Zama has acquired TokenOps, a cross-chain infrastructure with self-storage tokens that provides token lifecycle management tools, to deploy Fully Homomorphic Encryption across vesting, airdrops, and cap table management
Frax Finance (frxUSD) incentives are now live on Aave V4, enabling users to earn rewards by supplying frxUSD to the Main market.
PENDLE is now bridgeable to Monad via Stargate, with the token contract live on the Monad testnet.
PT-srUSDat and PT-USDat are now live as collateral on Morpho, with USDC liquidity available for borrow from Hyperithm-curated vaults.
The episode examined rising sovereign bond yields, consumer stress and equity valuation strains, while highlighting massive AI compute costs and imminent AI‑related IPOs, plus a surge in U.S. defense spending and oil market dynamics ahead of the midterms.
Select a story to view
project data & analysis